Compiled by Purnima Joshi
As we usher in the new year battling against several strains of Covid and the resulting uncertainties, the most recent Malaysia’s ‘once in 100 years’ floods just last week, is a harsh reminder of the reality of climate change and the urgency of better disaster planning. Malaysia is seeking US$3 million from the UN Green Climate Fund (GCF) to develop a national plan to adapt to climate change, amid these deadly floods that displaced nearly 70,000 people. Elsewhere, thousands were left homeless and hungry at Christmas; Philippines faces up to the looming disaster of the super typhoon, and the city of Surat, on the western coast of India, is bracing itself for flooding that could trigger outbreaks of malaria and dengue fever. Rising temperatures could force companies to relocate their factories, and Surat’s 4.5 million residents are already preparing for the disasters triggered by rapid urbanization and global warming. Worse still, typhoons in coastal Asia and China could be twice as powerful by 2100, forecasts a recent study.
On a positive note, however, from pledging to become net-zero emitter of carbon by 2070 to achieving 500 GW non-fossil energy capacity by 2030, India led from the front on environmental issues this year, grabbing eyeballs across the world, and India’s green energy industry received foreign direct investment (FDI) worth $797.21 million during 2020-21. On the upside, climate change bestows a great opportunity to industries producing environment-friendly goods, to enhance their potential to meet both domestic and global market expectations. And among key industry players, Nissan Motor Co., Japan is aiming to partner with local authorities in the country to push their net-zero target.
Wishing you a happy new year! And Happy Reading!
This is how Nissan aims to help Japanese cities to reach the net-zero target
Hindustan Times, 30 Dec 2021
Nissan Motor Co., being one of the major auto manufacturers in Japan is aiming to partner with local authorities in the country to push their net-zero target.
Are trade unions unlikely allies in the climate fight?
Eco-Business, 21 Dec 2021
A petroleum union chief recently spoke at a climate rally in Singapore, supporting green taxes and emission cuts. It comes as trade unions worldwide grapple with how climate change, and climate action, affect workers.
How traditional, environment-friendly industries hold the key to India achieving its climate target
First Post; 20 Dec 2021
Climate change bestows a great opportunity to the industries producing environment-friendly goods, to enhance its potential to meet both domestic and global market expectations
Stocks of EV makers, Chinese solar firms fall after US climate plan failure
The Straits Times, 20 Dec 2021
US Senator Joe Manchin's surprise rejection of a US$1.75 trillion (S$2.95 trillion) economic plan with crucial climate provisions is having an impact on global solar and electric vehicle (EV) stocks.
India put climate change at the centre of its environmental policies in 2021
Economic Times, 29 Dec 2021
From pledging to become a net zero emitter of carbon by 2070 to achieving 500 gigawatts non-fossil energy capacity by 2030, India led from the front on environmental issues this year, grabbing eyeballs across the world.
Aussie climate ambition will restart at ballot box
Reuters.com, 20 Dec 2021
Expect some green shoots at Australia’s 2022 general election. Although previous efforts to tackle global warming have foiled five prime ministers since 2007 and may have cost the opposition Labor Party the 2019 ballot, votes cast early next year will give independent,
climate-savvy candidates a starring role.
NSW approves controversial $600m gas plant
Canberra Times, 20 Dec 2021